Customers should make note of the above guideline while depositing the cheque as the noncts 2010 instruments will be credited debited to accounts as per the schedule mentioned above. Bank 247 through a widespread network of over 5,275 branches and 15,682 atms explore investor relations regulatory disclosure section icici bank answers safe banking rbi. Get your noncts cheque book replaced immediately, it said. Standardisation and enhancement of security features. As per rbi mandate, the same old format cheques are to be accepted till december 31, 2012. Just check, whether your existing cheque book is cts compliant or you need to get a new cts complaint cheque book issued before 31st december 2012. Will a 2yearold checkbook issued in 2015 from icici bank. Cheque truncation system new benchmark for cheques in banks.
You will receive a confirmation message regarding your acceptance of your request for a new cheque book. Though banks have started issuing new cts 2010 based cheque books to customers, a large number of non cts 2010 standard cheques are still being used. Non cts cheques used by customers of all banks including state bank of india sbi, hdfc bank, icici bank, bank of baroda, punjab national bank and. Sbi, hdfc, pnb, icici, bob, other bank customers these to become invalid. Therefore, we recommend you to destroy your old non cts 2010 standard cheque book and place a request for a new cheque book. Cts 2010 standards cheques issued have the following distinguishing features. All those who have yet to apply for the new cts 2010 cheque format need to do so before marchend as all banks would necessarily adapt to the new te. Delay in clearance of non cts cheque truncation system cheques by banks are holding up tax payments adding to woes of traders and entrepreneurs. Rrbs lax in adapting to new ctc cheque format lucknow. Banks like icici bank and axis bank had already started issuing cts 2010 compliant cheque books since last year. Careless markings on cheques may cost you a tidy sum the. Also already circulated cheques will be replaced within 31st december 2012. So, better hurry up if you havent got your old cheque books replaced with cts 2010 standard cheque books.
How to new cheque book issue online track new cheque book icici bank. Inward clearing,which is the process for debiting the account as mentioned in the cheques takes place in early hours of the day,that is the reason the messages regarding debiting the account are recei. The customers who have deposited non cts cheques as postdated cheques pdcs for emis to a finance company, or bank for repayment of a loan, will have to replace these with the compliant ones for instalments after 31 july. Ltd and icici bank ltd have put a notification about cts2010 cheques on. State bank of india sbi, the countrys largest lender, came out with an advertisement in all major national dailies on 5 november, stating that it will issue a new set of cheque book to its. What does cts 2010 noncompliant cheque mean in icici. Within seven working days, i got my new cheque book by courier. There are many people out there who own a bank account with icici bank and are also quite happy with the banking services offered by the bank. Non cts 2010 cheques will take much longer to clear. We would like to bring to your notice that reserve bank of india rbi has further updated its guidelines on standardisation of security features for cheque leaves referred to as cts 2010. The advent of cts 2010 compliant cheques will make the existing cheques invalid from 31 july 20. Sbi customers should encash any non cts cheques before december 12, customers of other banks can encash before december 31.
Services offered by imobile transfer funds, bill payments, book tickets or movie. In summary, your old checks will continue to work, but it will eventually take more and more time for the clearence of the checks. How to new cheque book issue online track new cheque. Icici bank sms banking for cheque book request for specified account. How to apply for cheque book with icici bank new cheque book request online icici bank 6. Learn how to request a cheque book using mobile banking through our interactive check book request demo. Cts news and updates from the economic times page 2. Non cts cheques were meant to be discontinued from use throughout the country from 31 july 20. But butbut where your account goes ifsc code changes to that branch. How frequently will these separate clearing sessions for non cts 2010 standard compliant cheques be operated. Despite the advent of ebanking and now mobile banking, cheques still play a very. Every account holder must deposit their non cts cheques and cheque books in their respective branch and get new cheque leaves or books as per the new cts 2010 standard. Therefore, we recommend you to replace your non cts 2010 cheque book with a new cheque book at the earliest. Operations in the new generation private banks like icici bank, hdfc bank, axis bank were almost normal, barring few activities including cheque clearance.
Mridula bhagwat, have opened and closed many bank accounts and fds. In an official notice on its website, hdfc bank says separate sessions for clearing of non cts cheque will be discontinued from december 31. How to apply for cheque book online icici bank new cheque book request online icici bank. To safeguard the cheques issued from icici bank savings account, a new. It is now mandatory for banks to strictly issue standardised and enhanced new format of cheques called cts 2010. Now, old cheque is valid up to july 31 goodreturns. How to do cheque book request for specified account in icici bank a step by step tutorial, step 1 type icbr in your registered mobile. The reserve bank of india has extended validity of old cheque book non cts 2010 standard up to july 31, 20. Customers should make note of the above guideline while depositing the cheque as the non cts 2010 instruments will be credited debited to accounts as per the. I transferred my sbi acnt to another branch, but i had the. This is after taking into consideration the availability of processing infrastructure for clearing outstation cheques at all clearing locations across the country and to bring about further. Cheque truncation system cts is a cheque clearing system undertaken by the reserve bank of india rbi for faster clearing of cheques. Icici bank has also requested the customers to surrender their old cheque books at the branches and request for new cts 2010 standard cheque books, an icici bank spokesperson said.
Cheque book request for specified account of icici bank. Important notification from rbi regarding cts 2010 standard cheques. This exercise will continue in the coming months through emails and messages on the call centre ivr interactive voice response. Or you can just order a new chequebook and cancel the old cheques. Will my old cheques that are not cts2010 still work. Over the past month, you must have got a letter, an email or an sms from your bank asking you to surrender your old cheque book and collect the new cheque book before december 31, 2012. The reserve bank has asked all cbs core banking solutions enabled banks to issue only payable at par or multicity cheques to their customers to bring about more efficiency in cheque clearing. I have applied for a new cheque book and i want to know the status. Check your current cheque book is it valid new cts. How to apply for cheque book with icici bank new cheque. View image above if your cheque is not of cts 2010 standards then you need to apply for new cheque book of this standard and surrender the older cheques.
The deadline for switching to new format bank cheques under the cheque truncation system cts ended on wednesday. Effective december 31st, 2012 usage of non cts 2010 standard cheques would not be applicable with regard to your investments. This hotel is offering luxury office rooms with highspeed internet, espresso machines. If you havent received the new form of cheque books, ask your bank to replace the old cheques and issue new cheque book. And the customers to this respect have been asked to get their non cts cheque book replaced and instead get the new cts 2010 standard chequebook for free. The lender is preparing to send the new series of cts compliant cheque books by december 15, 2012. As per rbi guidelines, non cts 2010 standard compliant cheques will be accepted for clearing up to july 31, 20.
If you have any cheque that does not conform to cts 2010 and pending encashment, you should not delay its encashment. Fintotal news analysis noncts2010 cheques will take. In case if your cts 2010 cheque book, you must obtain a new cts complied cheque book, and surrender the noncompliant one to the bank. And you must do it latest by december 31, 2018, if you dont want your cheques to. Cts 2010 is applicable to all the banks in india, including state bank of india sbi, andhra bank, axis bank, icici bank, citibank n.
If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts 2010 standard cheque books latest by december 31. Cts2010 standard cheque book issued to the customers will have cheque leaves with letters cts2010 printed vertically on the cheque leaf near the. Incase the cheque book you currently have is not cts 2010 compliant as per the above features we request you to immediately order a new cheque book. This hotel is offering luxury office rooms with highspeed internet. Your cheques can be permanently banned after january 1. The reserve bank of india rbi in its statement on developmental and regulatory policies issued today has informed that the cheque truncation system cts, which is currently operational at the. So please verify whether cheque book you have a already cts 2010 before rushing to bank to get a new one. Its mentioned on the side line of the cheque as cts 2010 to identify whether its cts 2010 standards or not. Tips to replace non cts 2010 compliant cheques 22 apr, 20, 03. Everything you need to know about cts 2010 cheques. Sbi customers can deposit their non cts cheque in their respective branch and get free new cts 2010 standard chequebook. What is the format of cts2010 standard cheque book.
Cbs enabled banks should issue only payable at par cheques. How to order cheque books online in kotak mahindra bank using internet banking. Banking, bearer cheque, check status online, cheque book, cheques, cts 2010, internet banking, kotak mahindra bank, net banking. These cheques have cts 2010 printed near the left margin. These features are aimed at enhancing customer safety and facilitating easier processing of cheques. Icici bank is one of the biggest and most trusted banks which is operating in india. As far as my knowledge icici use to issue passbooks only on requests from an individual customer as per the rbi guidelines. Sbi, hdfc, pnb, icici, bob, other bank customers these to become invalid non cts cheques used by customers of all banks including state bank of india sbi, hdfc bank, icici bank, bank of baroda, punjab national bank and others will become invalid from january 1. Mobile banking cheque book request demo icici bank.
How much time does a bank take to credit a cheque after. So it is necessary for all to understand how your new cheque format looks like. Beware of fictitious offers money transfer to india. If you have ordered your cheque books recently, say, a month ago, you may already have the new cheque. Most of the account holders even like to recommend this bank to their friends and family. Follow uniform holiday calender for cts cheque clearing. Cts 2010 compliant cheque means, the cheque adheres to the cheque truncation system which started in 2010 in india, as per the guidelines of rbi. As per the said new rbi guidelines, banks have been advised to issue only cts 2010 standard multicitypayable at par cheques to their account holders.
How to order cheque books online in kotak mahindra bank. So if want to have passbook for your account, you can walk down to any branch of icici bank ltd and request for the same bu. Read more about check your cheque on business standard. Cheque clearance holding up tax payments indore news. We would like to inform you that we have been issuing cts 2010 compliant cheque books since april 2011. As per rbi, banks are advised to issue only cts2010 standard cheques to their customers. Sbi to send new cheque books by dec 15, update your. Reserve bank of india has issued guidelines on standardisation and enhancement of security features for cheque leaves referred to as cts 2010. If you are still in possession of nonctc cheque books, then it is in your own interest to get those replaced with cts2010 standard cheque.